Baptist Health South Florida picks Innovaccer to explore Cloud-based health systems

Key Insights and Signals – Hospital & Healthcare

Centre Setup
Memorial Sloan Kettering launches cancer center in Chennai
The center would provide remote second opinion services in India, including for pathology and radiology review, genetic sequencing and analysis of cancer, live video consultation, and integrative medicine. Read More>>
Molina Healthcare wins Iowa Medicaid contract
Molina’s Iowa health plan will be one of three managed care organizations offering health care coverage to approximately 850,000 total Medicaid beneficiaries in the state. Read More>>
Baptist Health South Florida selects Innovaccer for Cloud services
Innovaccer will provide population health analytics, provider engagement, and care management for the health system. Innovaccer’s Cloud Data Activation Platform will also be used to create unified patient records in the EHR. Read More>>
Executive Movement
Trinity Health Medical Group hires new CMO
Kinsey Callaway has extensive experience with Trinity Health Medical Group, having served most recently as board chair and as the medical director for the hospitalist program at Trinity Health Saint Mary’s, where she has worked as a hospitalist for 11 years. Read More>>
David Weis named President and CEO for AdventHealth Daytona Beach
David will provide market leadership for the network of facilities in East Volusia County, working closely with the leadership team to develop and execute the strategic tactics for market growth and operational performance. Read More>>
Centura Health names CEO for three Colorado Springs Hospitals
As CEO of Centura’s two existing hospitals and the orthopedic specialty hospital now under construction, Patrick Sharp’s leadership in Colorado Springs will be instrumental in guiding and growing the healing ministry in a rapidly expanding community. Read More>>
Financial and Market Activity
Highmark Health sees higher revenue but a loss in net income in the first half
The USD 174 Mn loss in net income was due to factors including volatile investment market, labor costs, supply chain disruptions, and inflation. Read More>>
Cleveland Clinic reports USD 1 Bn loss in the first half of this year
The health system’s revenue totaled USD 3.1 Bn in the three-month period, down from USD 3.2 Bn in the same quarter last year. The system saw expenses rise across all categories, including supplies and salaries, wages, and benefits. Read More>>

Key Insights and Signals in Medical Devices

Fresenius Medical Care wins a major award to support U.S. Veterans with Dialysis Care
Under the five-year national contract, the VA’s 106 hospitals and clinics can purchase Fresenius Medical Care’s complete in-center, acute, and home dialysis offerings. Read More>>
Executive Movement
The new CEO of Rigaku Beijing Corporation announced
Dr. Jeff Li has been appointed CEO of Rigaku Beijing Corporation and, with 20 years of industry experience, will help take the organization forward. He has a proven track record of building strong commercial partnerships, developing high-performance teams, and driving growth across industries. Read More>>
DexCom promotes Jake Leach to Chief Operating Officer
As a COO, Leach will have end-to-end responsibility for products at Dexcom, driving day-to-day decision-making and resource allocation across all major product-facing groups. Read More>>
Dentsply Sirona appoints Simon Campion as CEO
With the hiring of Mr. Campion, the Board has requested a full review of the Company’s business and operations, including competitive positioning and portfolio, margin enhancement opportunities, and capital structure. Read More>>

Key Insights and Signals in Pharmaceutical

Centre Setup and Expansion
Eisai cuts the ribbon on its new Nutley headquarters
The center is expected to expand the diverse and powerful life sciences community in New Jersey, bringing a commitment to addressing pressing medical challenges in cancer, Alzheimer’s disease, and other neurological diseases. Read More>>
Biocytogen inks a global licensing agreement with Merck
Under the terms of the agreement, Merck will have full access to Biocytogen’s RenMice platform to discover and develop fully human antibody therapeutics for an unlimited number of drug targets. Read More>>
Hikma and Adalvo sign an exclusive licensing agreement
The agreement aims to commercialize a nasal spray medication used to treat an increasingly prevalent respiratory disease, allergic rhinitis. The exclusive licensing and supply agreement with Adalvo expands Hikma’s respiratory portfolio in MENA. Read More>>
Merger and Acquisition
Alcon to acquire Aerie Pharmaceuticals for USD 770 Mn
Alcon will acquire Rocklatan and Rhopressa, a phase 3 product candidate for dry eye disease, and a pipeline of clinical and preclinical ophthalmic pharmaceutical product candidates. Read More>>
Executive Movements
Pfizer picks Drew Panayiotou for the CMO Spot
The CMO of Verily, an Alphabet subsidiary, Drew Panayiotou will join Pfizer as its first-ever global chief marketing officer. Drew’s insights and diverse thinking will help Pfizer elevate cutting-edge customer channels, skills, and capabilities needed to deliver new medicines to patients. Read More>>
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Latest Industry Insights from Draup Braindesk

  • Net Health expands predictive analytics resources to improve clinical and operational outcomes for wound care providers with predictive technology.  
  • Net Health focuses on Wound Care Management and Healthcare Analytics for business growth. 
  • Greater Pittsburgh Area, United States, serves as the key location and is focused on Medicare-related engagements. 
  • Product Engineering Services, the highly outsourced segment, holds approximately 60% of the total outsourcing headcount. CitiusTech Inc is the major outsourcing partner for Net Health.

Funding Alert

Aurobindo Pharma’s CuraTeQ Biologics to invest USD 37.5 Mn in a biologics manufacturing facility 
The Board of directors of CuraTeQ Biologics Pvt Ltd approved the expansion of operations by establishing another mammalian cell culture manufacturing facility of higher capacity to cater to future requirements. Read More>>

Startup Spotlight

Company – Quit Genius
Total Funding USD 93.9 Mn
About: Quit Genius is the world’s first digital clinic for treating nicotine, alcohol, and opioid addictions. Quit Genius combines virtual cognitive behavioral therapy (CBT) with approved medication and connected devices to help employers and health plans tackle the high cost of addiction. Read More>>

Latest Reports Published in Draup

Smith & Nephew plc Account Intelligence Report
The company focuses on scaling up its remote support capability for customers, enabling connectivity with specialist surgeons during minimally invasive surgery. Read More>>
Magellan Health Inc. Account Intelligence Report
Magellan Health aims to develop a Communication Platform that provides live behavioral health support and wellness coaching through precise test and treatment decision support. Read More>>
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